Goldplat Plc · LSE:GDP
Goldplat — Investor Presentation (April 2018)
19 slides from Goldplat's investor presentation, April 2018
Slide 1: Gold Recovery & Primary Mining Corporate Presentation
Gold Recovery & Primary Mining Corporate Presentation April 2018
Slide 2: Disclaimer
DISCLAIMER These presentation materials and all other information (whether in writing or otherwise) which may be made available: a. May not be copied, reproduced, further distributed to any other person or published, in whole or in part, for any purpose. b. Is provided confidentially and only to ass
Slide 3: Goldplat at a Glance
GOLDPLAT AT A GLANCE GOLD PRIMARY RECOVERY MINING Profitable Growing ‘Green’ Gold Price target of 15.3p* – a Environmental solution EBITDA for FY 2017 of to dispose of by- 107% premium to products from mining £3.8m the current share price activities *Price target by WH Ireland as at 26.02.18 Corpora
Slide 4: Key Data
KEY DATA Market AIM Board Ticker GDP Matthew Robinson Non-Executive Chairman Share price* 7.4p Gerard Kisbey-Green Chief Executive Officer Shares in issue 167 million Hansie van Vreden Chief Operating Officer Market Cap* £12.6 million Werner Klingenberg Financial Director NOMAD Grant Thornton Ian Vi
Slide 5: Investment Case
INVESTMENT CASE Cash generative and profitable with a clear development path to build production Undervalued relative to peers with a price target of 15.3p Underleveraged with a capacity to raise non-dilutionary capital for growth projects Targeting 50,000oz Au p.a from gold recovery and 50,000oz Au
Slide 6: Gold Recovery: Gold Production with a Difference
GOLD RECOVERY: GOLD PRODUCTION WITH A DIFFERENCE Two market leading gold recovery operations in South Africa and Ghana, recovering gold from by-products of the mining process: SOURCING MATERIALS Goldplat Recovery (Pty) Limited SA Gold Recovery Ghana Limited • Africa FROM: SOUTH AFRICA GHANA South Am
Slide 7: Gold Recovery: The Value Process
GOLD RECOVERY: THE VALUE PROCESS CLIENTS MATERIALS PROCESSES PRODUCTION • Blue chip gold Includes: Goldplat process the material Revenues generated out of: producers • fine carbon through various processing • Gold doré • Platinum group • mill liners circuits to maximise recovery: • Silver doré metal
Slide 8: Gold Recovery: Green Gold Producer
GOLD RECOVERY: GREEN GOLD PRODUCER Environmental Artisanal Tailings/ “Responsible Gold” A partner of the Low Energy solution for by- Mining Clean-Up Accreditation United Nations Footprint products from Environment mines: • Re-processing • GPL & GRG Programme’s • Research underway artisanal tailings
Slide 9: Gold Recovery Pty Ltd, South Africa (GPL)
GOLD RECOVERY PTY LTD, SOUTH AFRICA (‘GPL’) MAINTAINING MATURE MARKET POSITION: RETAIN MONETISE TAILINGS DIVERSIFY PRODUCTION AT STORAGE FACILITY ~29,000oz p.a RESOURCE • Focused on sourcing sufficient • Metallurgical test work being • Trial project underway for quantity of quality material – undert
Slide 10: Gold Recovery Ghana Ltd, Ghana (GRG)
GOLD RECOVERY GHANA LTD, GHANA (‘GRG’) TARGETING VOLUME GROWTH TO BECOME A HUB FOR GLOBAL RECOVERY EXPANSION TARGETING INTERNATIONAL EXPAND ~20,000oz p.a EXPANSION ENVIRONMENTAL SERVICES • Intention to double production • Wider Africa: contracts already • Mining “clean-up” – steering output from cur
Slide 11: Primary Gold Production
PRIMARY GOLD PRODUCTION Building profitability and scale as a primary gold miner Kilimapesa Gold, Kenya: JORC • Targeted production of resource of 5,800oz Au in 2018 (2017: 671,446oz Au 3,408oz Au) • Two gold processing plants • Plant 2 installed and commissioned in 2017 • Mining licence and Kilimap
Slide 12: Primary Mining Expansion Strategy
PRIMARY MINING EXPANSION STRATEGY RAPIDLY GROW PRIMARY MINING PRODUCTION: Kilimapesa New gold 50,000oz Gold Mine mines Au p.a • Increase production to 50,000 ounces in two-three years • Brownfield growth at Kilimapesa • Focussed on acquiring production or near-production ounces Corporate Presentatio
Slide 13: Gold Production and Sales
GOLD PRODUCTION AND SALES Gold Equivalent Ounces for the (month period ending 31 March 2018) 3rd Qtr 9 Months 9 Months Year ending Actual Actual Actual 12 Months Mar-18 Mar-18 Mar-17 Previous Goldplat Plc - Group Equivalent Equivalent Equivalent Jun-17 • Overall production at GPL was Gold Gold Gold
Slide 14: Financial Trends Data for Year Ended June
FINANCIAL TRENDS DATA FOR YEAR ENDED 30 JUNE REVENUE GROSS PROFIT 45.0 40.1 38.2 40.0 36.3 7000 5735 6019 35.0 31.7 6000 5196 5449 Gross Profit (£000) 30.0 Revenue 5000 25.0 20.0 4000 20.0 3008 3000 15.0 2000 10.0 1000 5.0 - 0 2016A 2017A 2018E 2019E 2020E 2016A 2017A 2018E 2019E 2020E EV/EBITDA EPS
Slide 15: Growing Gold Production
GROWING GOLD PRODUCTION DATA FOR YEAR ENDED 30 JUNE GOLD AND GOLD EQUIVALENTS PRODUCED 60,000 GPL, South Africa 50,000 Gold equivalent production oz 40,000 30,000 20,000 Ghana Minister of Mines at GRG 10,000 0 2013a 2014a 2015a 2016a 2017a 2018e 2019e 2020e South Africa Ghana Kilimapesa Source: Comp
Slide 16: Goldplat is Undervalued – EV/EBITDA
GOLDPLAT IS UNDERVALUED – EV/EBITDA 16 14 London-listed support services Tailings/dump peers 12 AIM gold producers 10 8 6 Average: 5.7 4 3.7 2 0 Source: Company filings and WH Ireland forecasts Corporate Presentation - April 2018 15
Slide 17: Investment Case
INVESTMENT CASE Cash generative and profitable with a clear development path to build production Undervalued relative to peers with a price target of 15.3p Underleveraged with a capacity to raise non-dilutionary capital for growth projects Targeting 50,000oz Au p.a from gold recovery and 50,000oz Au
Slide 18: Contact Us
CONTACT US Gerard Kisbey-Green, CEO Email: gkisbeygreen@goldplat.com Tel: +27 (071) 8915775 PUBLIC RELATIONS BROKER NOMAD St Brides Partners Ltd WH Ireland Limited Grant Thornton UK LLP Charlotte Page / Susie Geliher James Joyce / Jessica Cave Colin Aaronson / Jen Clarke t. +44 (0) 20 7236 1177 t. +
Slide 19: www.goldplat.com
WWW.GOLDPLAT.COM